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Please help as soon as possible!! Macrosoft Company reports net income of $55,000. The accounting records reveal depreciation expense of $70,000 as well as increases
Please help as soon as possible!!
Macrosoft Company reports net income of $55,000. The accounting records reveal depreciation expense of $70,000 as well as increases in prepaid rent, accounts payable, and income tax payable of $50,000,$11,000, and $13,000, respectively. Prepare the operating activities section of Macrosoft's statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Step by Step Solution
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